Headlines from the Proactive UK newsroom.
Drug inhaler specialist Circassia (LON:CIR) increased revenues by 40% to £27.9mln in the half year to June and expects sales to rise to betwee £60-65mn over the full year. Sales recently started in China and are going well.
Eurasia Mining (LON:EUA) has applied to explore another deposit within the Monchetundra project licence area in Russia. Eurasia is already developing the 2mln ounce platinum and gold project towards production.
Cabot Energy (LON:CAB) has quit its onshore exploration licence in The Po Valley, Northern Italy, alongside partner Shell. Shell will make a payment to Cabot to cover the costs and inconveniences incurred in the withdrawal process.
British Airways’ owner IAG has chopped its profits expectations by €215mln due largely to the impact of the pilots’ strike at the airline. That strike has cost €137mln so far with a further €33mln hit from industrial action at Heathrow.
Tobacco giant Imperial Brands has warned a tough market for vaping and other next generation products in the US and Asia means revenues will lower than expected and earnings flat. Group net revenue for the year to September is now expected to grow by around 2%
Pearson has also warned trading has been worse than expected. Revenues will be flat, but high end courseware in the US has been weak and group profits will be at the bottom of the £590m to £640m range.
